No 1

7 January 2002


Kuwaiti Budget Achieves KD1.15BnSurplus In 1H 2001-02 Says NBK

According to the latest EconomicBrief issued by National Bank of Kuwait (NBK) on 31 December 2001, the KuwaitiGovernment has achieved a surplus of KD1.15bn ($3.75bn) in the first halfoffiscal 2001-02 compared to theprojected deficit of KD721mn ($2.35bn) for the same period (see Table below).The report says, however, that despite the positive outcome the surplus issignificantly lower than the...